Rosneft and Morgan Stanley have to terminate the agreement signed between them on December 20, 2013

MOSCOW, December 22. /TASS/. The US regulator has given no approval for finalizing Russian oil major Rosneft’s deal to buy Morgan Stanley’s oil trading business, Rosneft said in a statement on Monday.

“Rosneft and Morgan Stanley have to terminate the agreement signed between them on December 20, 2013 on the purchase of Morgan Stanley’s global oil trading business as it has become objectively impossible to close the transaction owing to the denial of regulatory approvals,” the statement said.

“The sides took considerable efforts to prepare the transaction and regret that there is no possibility to close it. Despite this, Rosneft and Morgan Stanley will continue cooperation in other fields,” Rosneft said in its statement.